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Shares of Calix Inc Has Risen Above Previous 52-Week High

By Nick Russo

Calix Inc (NYSE:CALX) traded at a new 52-week high today of $8.95. So far today approximately 119,000 shares have been exchanged, as compared to an average 30-day volume of 222,000 shares.

Calix, Inc. provides communications access systems and software that enable communications service providers, or CSPs, to connect to their residential and business subscribers. The Company's products encompass its multiservice, multiprotocol access platform and its ethernet service access platforms.

Calix Inc (NYSE:CALX) is currently priced 10.9% above its average consensus analyst price target of $7.96. Calix Inc shares have support at the 50-day moving average (MA) of $7.49 and additional support at the 200-day MA of $6.91.

In the past 52 weeks, Calix Inc share prices have been bracketed by a low of $4.65 and a high of $8.95 and are now at $8.93, 92% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 0.62% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Calix Inc on August 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.58. Since that recommendation, shares of Calix Inc have risen 17.5%. We continue to monitor CALX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows calix inc

Ticker(s): CALX